New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-19
CLOSING Prices OF CALIFORNIA STOCKS
San FRANCISCO Jan 49, 1897


TUESDAY, Jan. 1e-P NJ
The days stock speculation was dull and OF a waiting
character Temporarily depressed by the circulation Of
rumors Of riots In the coal districts on the
Jersey shore The method by which reports OF serious
riot In Hobokcn found their way into circulation Is likely
TO result In htigaons which will establish the sacred
ness OF private kilograms and the responsibilities OF tel
egraph companies for the divulging OF such private
dispatches II Dow, Jones & Co.'S statement OF "put
Job In resnr TO their telegram from Hoboken about
large riot, which they did not publish and Kernan's
Wall Street News Agency's explanation of the way In
which II received the bogus news prove 10 be correct
there Is urgent need for immediate and stringent egsa
ton In regard to the privacy OF private telegrams Tho
publication OF the bogus Dispatch which, by the way
privately given TO number OF traders In the Stock
Exchange before II the tape
for the sharp decline In prices the general market
which occurred after O'Clock The market was dull and
easily responsive to either energetic offerings bddngs.
and consequently. quickly yielded to the offerings OF
those brokers who habituay pay high price for In
formation given before II passes the agencies
tapes The growers OF the afternoon those
who received the special private "tp" and sold
Lake Shore at 1874 and other stocks at proper
Tomato declines Richmond and West Point Terminal
ttock continued feature in the market but Its decline
from AGA e47 TO Al in the early dealings had In
ucnce upon the general market II subsequently ruled
steady after about 49, For the Information
OF all outsiders interested and OF those who have dis
position 10 become interested the securities OF this
company VIC formulate the expansion which Will be
made II the proposed deal with tho East Tennessee.
Virginia and Georgia is finally consummatcd The IN
In capital stocks and debts viii be follows:
Cowmon stack
Collateral trust SOOOOpO
Total 600 900
Against this the company will have come into posses
sion of the following:
Richmond and nonvlllo Railroad stock valued at
300 per cent over and above an Indebtedness 49,. 800,
10000 shares OF East Tennessee Virginia and
Georgia first preferred stock AT 6000OOo
Total at tho inflated values. 600 900
Thus Il seems that the amount 81 issues for absolute
liability for debt and the Issue 81 tire preferred stock
for which actual cash received and paid ont for
% 600 shares n Richmond and Danvc, aggregates
within ~ 900 Of the total amount OF value which tho
company becomes possessed o. II 10 l. conceded that
the Richmond aud DanVille stock and the Fast
Tennessee. Virginia and GeoI gia preferred stocks have
earning capacity equal 10 ( per cent upon their
par vancs so that with cvcn'ts liberal estimate OF the
values of the properties purchased, there viii remain
watering Of ~2l 100000 or II per cent IN the common
stock. A informed. neither Of the purchased
properties to-day j. earning fraction of per cent
annum The general market only partially recovered
from s over the reported HObokeD riot, but 1t
closed firm. with an Increased short interest
Government bonds quiet and firm. with the bids "a
per higher for the los and cent hi cher for the
A. Annexed are the closing quotations: